66
66
Mar 10, 2011
03/11
by
CSPAN2
tv
eye 66
favorite 0
quote 0
it didn't used to be that way in america. it isn't that way in many other countries that use visa and mastercard. back when the debit card system got started decades ago, debit interchange fees were minimal. it wasn't until visa entered the market in the 1990's we started seeing debit card interchange fees that looked like credit card interchange fees. taboo different worlds here. when i use a credit card, ultimately the bank and credit card company have to collect from me. if i dodge them or don't pay, there is a loss. a debit card comes directly out of my account. there is no question where the money -- whether the money is there. it is already there. there is an excellent "new york times" article entitled "how visa, using card fees, dominates the market." i would like to insert the article in the record at this spot. the presiding officer: without objection. mr. durbin: it shows how visa leveraged its dominance in the credit card company to enter into and dominate the deb illiterate card descry. visa then changed the inter
it didn't used to be that way in america. it isn't that way in many other countries that use visa and mastercard. back when the debit card system got started decades ago, debit interchange fees were minimal. it wasn't until visa entered the market in the 1990's we started seeing debit card interchange fees that looked like credit card interchange fees. taboo different worlds here. when i use a credit card, ultimately the bank and credit card company have to collect from me. if i dodge them or...
52
52
Mar 8, 2011
03/11
by
CSPAN2
tv
eye 52
favorite 0
quote 0
so in the end, i believe that the america invents act goes a long way to help unleash america's innovative spirit but we need make sure that we don't make changes that could have unintended consequences for some of our most innovative companies. let's get patent reform right, let's move it forward, and let's continue working to make our patent system fair, efficient, and supportive of innovators as we seek to compete in the global economy. mr. president, thank you for your attention. thank you for your interest in your own state of montana. and, mr. president, with that, i'll yield the floor. the presiding officer: under the previous order, the senate stands in recess until 2:15 p.m. association of business2:15 p.m. economics conference underway this week, this is about 45 minutes. this is about 45 minutes. >> good morning. my name is doug hamilton. i'm director of research at the peter g. petersen foundation as a long time budget geek it warms my heart to see such a large turnout to discuss issues about the budget so early this morning. the petersen foundation is proud sponsor of the nati
so in the end, i believe that the america invents act goes a long way to help unleash america's innovative spirit but we need make sure that we don't make changes that could have unintended consequences for some of our most innovative companies. let's get patent reform right, let's move it forward, and let's continue working to make our patent system fair, efficient, and supportive of innovators as we seek to compete in the global economy. mr. president, thank you for your attention. thank you...
80
80
Mar 10, 2011
03/11
by
CSPAN2
tv
eye 80
favorite 0
quote 0
well, any family in america would understand that that's unsustainable. you couldn't continue along that path, and if that same family was to decrease their spending habits by the same amount that the democrats have proposed, out of that $100,000, they would reduce their spending habits by $168. that's all. that's how pathetic this spending reduction is by the other side. we have to get serious. recently, senator coburn requested a general accountability office report that came back and said they identified over $100 billion in dupe my kate -- dupe duplicative programs. this gao report underscores the great negligence of the federal government when it comes to managing hard earned taxpayer dollars. let me give you a couple facts from that report. it says that the government spends $18 billion on 47 different job training programs, and yet, the president even requested another $400 million for a new program that will replicate proven strategies to develop even more job training programs. you know how many of these job training programs are measured for eff
well, any family in america would understand that that's unsustainable. you couldn't continue along that path, and if that same family was to decrease their spending habits by the same amount that the democrats have proposed, out of that $100,000, they would reduce their spending habits by $168. that's all. that's how pathetic this spending reduction is by the other side. we have to get serious. recently, senator coburn requested a general accountability office report that came back and said...
107
107
Mar 3, 2011
03/11
by
CSPAN2
tv
eye 107
favorite 0
quote 0
the top 1% now earns about 23% of all income in america, more than the bottom 50%. the top 1%, the richest people in america in terms of their effective tax rate, what they really pay, is now lower than at any time in memory. you've got the wealthy doing phenomenally well, tax rates going down. we have showered huge tax breaks on them. then we say to balance the budget we have to cut programs for nutrition for our kids, social security administration, pell grants, head start and many, many other programs which millions of people depend upon. so the question that we as americans have got to decide is when the rich get richer, do we give them more tax breaks while the poor get poorer and we cut programs for them? well, i don't think, frankly, that that is what the american people want. mr. president, you may have seen there was a poll just came out, i think it was yesterday or today, it was an nbc news and "wall street journal" poll. and the questions dealt with the deficit and how the american people think we should go forward in dealing with the deficit. and here ar
the top 1% now earns about 23% of all income in america, more than the bottom 50%. the top 1%, the richest people in america in terms of their effective tax rate, what they really pay, is now lower than at any time in memory. you've got the wealthy doing phenomenally well, tax rates going down. we have showered huge tax breaks on them. then we say to balance the budget we have to cut programs for nutrition for our kids, social security administration, pell grants, head start and many, many...
95
95
Mar 1, 2011
03/11
by
CSPAN2
tv
eye 95
favorite 0
quote 2
res. 83, designating march 2, 2011, as read across america day. the presiding officer: without objection, the senate will proceed to the measure. mr. schumer: i ask unanimous consent the resolution be agreed to, the preamble be agreed to, the motion to reconsider be laid upon the table with no intervening action or debate, and any statements relating to the matter be placed in the record as if read. the presiding officer: without objection. mr. schumer: mr. president, i ask unanimous consent the senate proceed to the immediate consideration of senate resolution 84, resolution introduced earlier today by senator casey. the presiding officer: the clerk will report. the clerk: senate resolution 84, expressing support for internal rebuilding, resettlement and reconciliation within sri lanka that are necessary to ensure a lasting peace. the presiding officer: without objection, the senate will proceed to the measure. mr. schumer: mr. president, i further ask that the resolution be agreed to, the preamble be agreed to, the motion to reconsider be laid u
res. 83, designating march 2, 2011, as read across america day. the presiding officer: without objection, the senate will proceed to the measure. mr. schumer: i ask unanimous consent the resolution be agreed to, the preamble be agreed to, the motion to reconsider be laid upon the table with no intervening action or debate, and any statements relating to the matter be placed in the record as if read. the presiding officer: without objection. mr. schumer: mr. president, i ask unanimous consent...
88
88
Mar 17, 2011
03/11
by
CSPAN2
tv
eye 88
favorite 0
quote 1
that's the engine that drives america's economy. we depend on small businesses to create, you know, most of the jobs in america. we need to facilitate that, given the high unemployment rates when we have had 21 consecutive months of unemployment rates at or above 9%. that's the longest stretch in our nation's history. so these two programs collectively and individually will contribute significantly to the growth of small businesses and job creation in this country, and that's why i think there is a broad array of organizations that are supporting this legislation because it's a testament to its history of success. so, mr. president, i yield the floor. ms. landrieu: mr. president? the presiding officer: the senator senator from louisiana is recognized. ms. landrieu: thank you, mr. president. i see that i have several colleagues on the floor, and there is another coming down to speak on an amendment. i wanted to just thank senator snowe for her explanation of some of the compromises and changes and modifications that the two of us hav
that's the engine that drives america's economy. we depend on small businesses to create, you know, most of the jobs in america. we need to facilitate that, given the high unemployment rates when we have had 21 consecutive months of unemployment rates at or above 9%. that's the longest stretch in our nation's history. so these two programs collectively and individually will contribute significantly to the growth of small businesses and job creation in this country, and that's why i think there...
82
82
Mar 10, 2011
03/11
by
CSPAN2
tv
eye 82
favorite 0
quote 0
poverty in america is increasing. what we understand is that pregnant women and little kids do not get good nutrition, the likelihood is that they're going to get, that the births might be low weight opbd the little babies -- or the little babies might come down with illnesses if they don't get good nutrition. poverty is increasing, yet the republicans want to cut the w.i.c. program by $750 million, 10%. title 1 education funding. everyone understands we have problems with education right now, large dropout rates. republicans want to cut $5 billion from the department of education. on and on and on it goes. now, what do i think? do i think that it's appropriate that we balance the budget on low-income pregnant women and infants who need nutrition? do i think you should throw 200,000 kids off the head start program, do i think that you cut social security, do i think that you cut unplanned parenthood? does that make sense? i don't think so. i don't think that's good for america. but i do believe we have to move toward
poverty in america is increasing. what we understand is that pregnant women and little kids do not get good nutrition, the likelihood is that they're going to get, that the births might be low weight opbd the little babies -- or the little babies might come down with illnesses if they don't get good nutrition. poverty is increasing, yet the republicans want to cut the w.i.c. program by $750 million, 10%. title 1 education funding. everyone understands we have problems with education right now,...
73
73
Mar 8, 2011
03/11
by
CSPAN2
tv
eye 73
favorite 0
quote 0
america cannot be great if we go broke. our businesses will not be able to grow and create jobs and our workers will not be able to compete successfully for the jobs of the future without a plan to get this crushing debt burden off our backs. madam president, i think every senator probably agrees with that, but is every senator prepared to do something about it? certainly this budget sent us by the house is an avoidance of that kind of discussion and the responsibility that the debt commission placed on our heads. so we ought to get serious. for the fiscal year 2011, the administration's budget projects a deficit of $1.6 trillion. without changes in our current policies, the congressional budget office estimates that our federal debt will be 95% of g.d.p., the gross domestic product of our nation. today, as we are here, we are borrowing 40 cents of every single dollar that we spend. borrowing 40 cents. we borrow a lot of it to be able to afford to buy the source of our energy from other countries and much of the dollars tha
america cannot be great if we go broke. our businesses will not be able to grow and create jobs and our workers will not be able to compete successfully for the jobs of the future without a plan to get this crushing debt burden off our backs. madam president, i think every senator probably agrees with that, but is every senator prepared to do something about it? certainly this budget sent us by the house is an avoidance of that kind of discussion and the responsibility that the debt commission...
72
72
Mar 9, 2011
03/11
by
CSPAN2
tv
eye 72
favorite 0
quote 0
they want us to put america back to work. they don't want to have a plan put forward that continues to pay enormous bonuses to the billionaires of wall street and creates enormous special tax bonuses for the millionaires who are making their tax returns while taking out this huge, huge economic meltdown on working people. now, let's review how this all came to pass. you will recall that during the second bush administration, there was a plan to take and launch two foreign wars and not pay for them, and then proceed to create medicare part-d and not pay for it and then to give bonus tax breaks to millionaires and billionaires and not pay for it and reverse an enormous annual surplus and turn it into an enormous annual deficit, and in the process produce a very tiny, modest expansion in which working people actually lost ground. so that expansion all went to the very top. well, that was just the beginning before my colleagues across decided that that he were going to deregulate retail mortgages in order to ramp up predatory mor
they want us to put america back to work. they don't want to have a plan put forward that continues to pay enormous bonuses to the billionaires of wall street and creates enormous special tax bonuses for the millionaires who are making their tax returns while taking out this huge, huge economic meltdown on working people. now, let's review how this all came to pass. you will recall that during the second bush administration, there was a plan to take and launch two foreign wars and not pay for...
232
232
Mar 18, 2011
03/11
by
CSPAN2
tv
eye 232
favorite 0
quote 0
relations with south and central america. she will be at the center for strategic and international studies. that will be live at 2:00 p.m. eastern, also on c span. >> i put my toe in the water. it is now up to my neck and the feedback that we have gotten from people across this country, tens of thousands, who are willing to volunteer. >> the head of fema says his agency would not be able to handle a nuclear emergency similar to the events unfoiledding in japan. however, administrator craig fugate told a senate committee yesterday the government as a whole is better prepared to deal with emergencies than it was before hurricane katrina. also testifying, the former inspector general who assessed fema operations since the hurricane. this is about two hours. >> the hearing will come to order. i thank everyone for their patience. as you know we had two votes on the floor. so we delayed the start of the hearing. i welcome, everyone. we convene this hearing which had been long-planned, long-scheduled on fema's ability to respond to
relations with south and central america. she will be at the center for strategic and international studies. that will be live at 2:00 p.m. eastern, also on c span. >> i put my toe in the water. it is now up to my neck and the feedback that we have gotten from people across this country, tens of thousands, who are willing to volunteer. >> the head of fema says his agency would not be able to handle a nuclear emergency similar to the events unfoiledding in japan. however,...
59
59
Mar 31, 2011
03/11
by
CSPAN2
tv
eye 59
favorite 0
quote 0
it looks like it didn't destroy america. we're still operating. but they fought and they fought and they balanced the budget. so mr. lew was there during that period of time. certainly, he deserves some credit for that, and i was pleased to support him, but i was stunningly disappointed when mr. lew went on television and said the president's ten-year budget calls on america to live within its means to not spend more than we take in when, over the ten-year budget, there is not a single year by the president's own budget submitted by mr. lew in which the deficit fell below $600 billion. and in the out years, the numbers were going up to about about $800 billion. now since mr. lew submitted the president's budget, the congressional budget office, a bipartisan, nonpartisan group, basically the leadership elected by the democratic majority analyzed mr. lew in president -d president obama's budget said it's far lower than that. the lowest single deficit we'll have in ten years is is $740 billion. the highest president bush ever had was $450 billion. th
it looks like it didn't destroy america. we're still operating. but they fought and they fought and they balanced the budget. so mr. lew was there during that period of time. certainly, he deserves some credit for that, and i was pleased to support him, but i was stunningly disappointed when mr. lew went on television and said the president's ten-year budget calls on america to live within its means to not spend more than we take in when, over the ten-year budget, there is not a single year by...
69
69
Mar 23, 2011
03/11
by
CSPAN2
tv
eye 69
favorite 0
quote 1
women need to feel welcome, to feel comfortable, and any va facility across america. today at this press conference we're announcing the results of our women's veterans survey, but this american legion events also honors the service and sacrifice of women in uniform. from those who had to masquerade as men in the american revolution, to those who are destroying our enemies today on land, in the air, and at sea. thank you very much. [applause] >> thank you, commander. our next speaker is mr. wilcock and he is the managing principal at the consulting firm. adrian? [applause] >> good afternoon. my name is adrian wilcock and i'm the managing principal of the consulting firm. we greatly of knowledge is all of the women veterans who have shared their experience is with us. every day young men and women in the military risk their lives to protect and defend our nation. those who serve share common bonds of sacrifice, teamwork, leadership, faith and courage are preserving our freedoms. we celebrate these common bonds among the diverse military members who serve throughout our
women need to feel welcome, to feel comfortable, and any va facility across america. today at this press conference we're announcing the results of our women's veterans survey, but this american legion events also honors the service and sacrifice of women in uniform. from those who had to masquerade as men in the american revolution, to those who are destroying our enemies today on land, in the air, and at sea. thank you very much. [applause] >> thank you, commander. our next speaker is...
88
88
Mar 25, 2011
03/11
by
CSPAN2
tv
eye 88
favorite 0
quote 0
secondly, a lot of uncertainty in america. all of our polls show consumers are concerned about their job. ron described this as the blast radius of the recession. like 70% of the people have a friend or family member who lost a job. so there is this uncertainty of, will i still have a job. as a result, they're spending less money. there is also uncertainty over the near-term direction of prices. why buy today if you think the price is going to go down five or 10% in the next year? might as well wait a little while. no incentive to keep buying. household formation rates dropped in this recession. some is due to the economic problems we have. so you don't have the a bunch of new houses. new people needing to buy houses. average income has been flat for over a decade. what will eventually drive long-term housing prices will be average incomes go up. if average incomes won't go up, it won't drive housing prices up. affordability relative to income is certainly better today than it is in last four or five years. and it is about to
secondly, a lot of uncertainty in america. all of our polls show consumers are concerned about their job. ron described this as the blast radius of the recession. like 70% of the people have a friend or family member who lost a job. so there is this uncertainty of, will i still have a job. as a result, they're spending less money. there is also uncertainty over the near-term direction of prices. why buy today if you think the price is going to go down five or 10% in the next year? might as well...
74
74
Mar 23, 2011
03/11
by
CSPAN2
tv
eye 74
favorite 0
quote 0
america will honor country. broad of jobs. but that the mice are whining about the mexicans. producing all the manufacturing to mexico. but what the state takes place. we can't compete. we can't do this. no wait are whining about the chinese and the indians. were a country of whiners. that's how we are. we should have enough confidence that we can compete with people if we all sacrifice a little bit for the common good. >> watch this event from wheaton college in illinois at 8:00 p.m. eastern on stand to >> a recent report on women in the news media to show that women represent only a third of full-time journalism positions in men occupy the vast majority of management jobs and newsgathering positions in most nations. international women's media foundation commissioned the report which analyze research data from 500 outcasts and print companies nearly six countries. this is an hour. [applause] >> thank you very much. but the very kind introduction. welcome all of you to washington. i wish the weather was better, but you have, the perfect time and it is very exciting for me to
america will honor country. broad of jobs. but that the mice are whining about the mexicans. producing all the manufacturing to mexico. but what the state takes place. we can't compete. we can't do this. no wait are whining about the chinese and the indians. were a country of whiners. that's how we are. we should have enough confidence that we can compete with people if we all sacrifice a little bit for the common good. >> watch this event from wheaton college in illinois at 8:00 p.m....
122
122
Mar 11, 2011
03/11
by
CSPAN2
tv
eye 122
favorite 0
quote 0
i have yet to heard this representative say anything about corporate america helping out america as well.rp everybody else has to help out. why, why are we giving these subsidies to these oil companies?e why are we giving corporations, these corporate tax breaks? he keeps saying that don't tax the well think because they create jobs.ec last i understood, there aren't any jobs and they had these tax breaks for the past eight years. or the past 10 years.he so, when you keep saying the y to mom-and-pop stores, save them taxes, you know, give them a tax break because they can hire more people.ax but your small business policy doesn't apply to them. it applies to the corporations, the ones that open, two or three owners that is millionaires.ra okay. and they have got like, maybe four or five employees. so, i mean, you talking out of both sides of your mouth if you ask me. you want us to take the hit as middle class but, corporate america and upper echelon don't want to pay their fair share. so where's the fair and balance there? f >> guest: well, i think there's a culture of t overspending in wa
i have yet to heard this representative say anything about corporate america helping out america as well.rp everybody else has to help out. why, why are we giving these subsidies to these oil companies?e why are we giving corporations, these corporate tax breaks? he keeps saying that don't tax the well think because they create jobs.ec last i understood, there aren't any jobs and they had these tax breaks for the past eight years. or the past 10 years.he so, when you keep saying the y to...
99
99
Mar 16, 2011
03/11
by
CSPAN2
tv
eye 99
favorite 0
quote 0
-- --not just in america. in the world. i might suggest to look outside the box and they think of other ways to reduce spending which is investing in smart investments that streamline and create taxpayers money and create jobs at the same time. thus, companies can pay in more taxes at the local, state, and federal level and we continue to get spending under control and reduce our deficit. so that is the cybernet systems ammo system. leave it to the department of defense to make up such a name. this is beacon interactive turbowork out of cambridge, massachusetts. this technology created technology -- or this company to help sailors keep the fleet safe through streamlined and uniform maintenance. it will be going now into all 250 ships in the navy. 460,000 sailors will use this technology inteled out of the sbir program everily day to protect and preserve our warships. in its first full year of implement thairks the software should give a 300% return on the initial sbir investment. mr. president, you know this b
-- --not just in america. in the world. i might suggest to look outside the box and they think of other ways to reduce spending which is investing in smart investments that streamline and create taxpayers money and create jobs at the same time. thus, companies can pay in more taxes at the local, state, and federal level and we continue to get spending under control and reduce our deficit. so that is the cybernet systems ammo system. leave it to the department of defense to make up such a name....
124
124
Mar 7, 2011
03/11
by
CSPAN2
tv
eye 124
favorite 0
quote 1
do you believe that al-qaeda still poses a threat to the united states of america and if that's still correct, since they are not a presence in afghanistan, with all of our resources and so much of our money has been dedicated in the arena, where are they now, are we capable of taking the fight to them wherever it may be? >> sir, i think al-qaeda is struggling. i think that its leadership is less experienced. i think its ranks are less fractured than any time in the last decade. and they certainly have distributed -- there is al-qaeda in the arabian peninsula, al-qaeda in iraq and other al-qaeda-associated groups in the region. so there is a requirement to continue taking the fight to where they are, sir. >> general? >> they are a threat. they're under terrible pressure right now. they've gone to ground in the epicenter of this effort which is up in the fatah but they've also distributed down into al-qaeda in the arabian peninsula. they have been hit hard in iraq but they're still a threat to the iraqi government. and we see links going down into somalia with al-shabaab. >> if i may a
do you believe that al-qaeda still poses a threat to the united states of america and if that's still correct, since they are not a presence in afghanistan, with all of our resources and so much of our money has been dedicated in the arena, where are they now, are we capable of taking the fight to them wherever it may be? >> sir, i think al-qaeda is struggling. i think that its leadership is less experienced. i think its ranks are less fractured than any time in the last decade. and they...
110
110
Mar 15, 2011
03/11
by
CSPAN2
tv
eye 110
favorite 0
quote 0
build america bonds to build the infrastructure of america in a strong way, make it in america and other legislation to stop jobs going overseas by reversing the tax breakses for companies -- breaks for companies taking jobs overseas. so those are the only initiatives, and the republicans overwhelmingly voted against those initiatives. so all we've seen has come from the democrats in job creation. what we're seeing from the republicans is taking us in the wrong direction. we have made it clear that we will extend a happened of friendship, as congressman larson said. but we will judge every initiative that comes to the floor by three criteria. one, does it create jobs. two, does it strengthen the middle class. three, does it reduce the deficit. all of them on a par with each other, all of one piece. what we see with the reversing the economic recovery in the bill is not an initiative that will reduce the deficit. instead we see false economies that must be stopped. now, we had proposed we'd save $41 billion at the end of last year, $43 billion cut in president obama's budget. only one rep
build america bonds to build the infrastructure of america in a strong way, make it in america and other legislation to stop jobs going overseas by reversing the tax breakses for companies -- breaks for companies taking jobs overseas. so those are the only initiatives, and the republicans overwhelmingly voted against those initiatives. so all we've seen has come from the democrats in job creation. what we're seeing from the republicans is taking us in the wrong direction. we have made it clear...
80
80
Mar 23, 2011
03/11
by
CSPAN2
tv
eye 80
favorite 0
quote 0
it's something called start up america. have any of you heard of startup america. by the end of the day you all will know about start up america. under this initiative we have done some things in this area of access to capital. one of which to take the sbic platform and roll out two new initiatives. $2 billion. $1 billion will be for what we call impact funds. and we are taking applications now. we want fund managers to partner with us to reach out to people and places and sectors, sectors like green energy, places like states in transformation, michigan, others and underserved communities so that we can create sbic funds that will help lift those special sectors that need impact. and the second you'll all be interested is an early stage innovation fund which will target these firms trying to cross the valley of death. beyond capital under startup america we're doing some other interesting things. as you know, it's not just the capital that makes an entrepreneurial company grow. it's the mentoring and counseling and advice. and we have launched an entrepreneurial m
it's something called start up america. have any of you heard of startup america. by the end of the day you all will know about start up america. under this initiative we have done some things in this area of access to capital. one of which to take the sbic platform and roll out two new initiatives. $2 billion. $1 billion will be for what we call impact funds. and we are taking applications now. we want fund managers to partner with us to reach out to people and places and sectors, sectors like...
80
80
Mar 24, 2011
03/11
by
CSPAN2
tv
eye 80
favorite 0
quote 0
i'm in there just now. -- i in the americas now. i think that the title for this very important session off to have focused on something else other than the roles. the reason for this is that ngos in egypt had been established a long time ago, but they had been weekend because of the application of a term that we know in economics, during the gold standard was observed that the coins was less content of gold, circulate and the coins with more gold content were melted and sold in the market. and, therefore, there was a very important law that came and said, which said that the bad currency drives good currency up with speculation. i may modify this in egypt, and i said, bad people drove good people out of circulation. so, there are many organizatio organizations. they know exactly what they are doing. they were established for a specific role, but they had been handcuffed by the system. one man started. now, he was a prominent sociologist, a professor, was thrown into jail together with other 20 others, simply because they monitored
i'm in there just now. -- i in the americas now. i think that the title for this very important session off to have focused on something else other than the roles. the reason for this is that ngos in egypt had been established a long time ago, but they had been weekend because of the application of a term that we know in economics, during the gold standard was observed that the coins was less content of gold, circulate and the coins with more gold content were melted and sold in the market....